(For more retail coverage, click GlobeSt.com/RETAIL.)

EAST BRUNSWICK, NJ-Onyx Equities LLC of Woodbridge, NJ and RPCReal Estate LLC of Moorestown, NJ have teamed up to acquireSummerhill Marketplace, an 80,000-sf shopping center here. Locatedon Summerhill Rd. off Route 18, the property is anchored by anA&P supermarket.

The identity of the seller and the sale price were notdisclosed. For the year-old Onyx, a private real estate investmentcompany, the latest acquisition bumps its holdings up past the 1.2million-sf mark of office and retail properties. The company hasinvested some $200 million so far this year, according to JohnSaraceno, Jr., who co-manages Onyx with Jonathan Schultz.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.